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Back Fundamental analysis
Bank of England policymakers face difficulties
The pound has been trading with
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The pound has been trading with heightened volatility in recent days. Although the Bank of England is likely to hold its policy rate at 3.75% this week, policymakers must weigh conflicting signals that the economy is both strengthening and losing jobs while unemployment sits near a five?year high. The Monetary Policy Committee has taken a cautious approach. Its nine members remain divided on the appropriate rate, with estimates of the neutral rate ranging from 3% to 3.5%. Minutes of the December
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Jakub Novak,
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